Zomato listed today with more than 65% return on its first day. Volumes where very high and the share reached its highest point at Rs.138 in the opening hour
For 26th July, 2021 Resistance Zone- 1st Resistance is at 128 If first resistance is broken we can see the share reaching 132 + levels again 2nd Resistance is at 138 which is mostly unlikely to be broken
Support Zone- 1st major support is at Rs 123 levels if it breaches 123 with a big bearish candle then it can fall upto 118 2nd major support is present at Rs116
Stock fundamentals are poor but it has a lot of hype which is driving the price at the moment Definitely not a long term stock unless it posts profits but you can book intraday profits in case you can catch the volatility.